Credit/Private Debt
Plan’s investment committee will review a proposed RFP to fill a new 3% target to the asset class.
The funds closed with a collective total of $3.6 billion in commitments.
The plan is searching for its first ever non-discretionary private markets consultant.
The commitments were made for pacing purposes.
The plan and its general investment consultant will present private credit search criteria for approval next month.
Plans added roughly $43.5 million in commitments across five funds this week.
The plan disclosed three new private commitments at its board meeting today.
The firm’s new CLO strategy will offer investors access to six different alternative credit strategies.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.